Today’s economic discussions between China and the US are taking place in an atmosphere of unusual warmth. There are two obvious reasons – the fall in China’s trade surplus and the renminbi’s recent...

China appears to be on the verge of allowing faster currency appreciation in response to inflation . This may not last long if inflation drops back in the second half of the year, as we expect. For...

China’s Q1 GDP data confirm that the economy has slowed, though the seasonally-adjusted figures were less enlightening than we had hoped. The continued strength of food price inflation is a concern...

The People’s Bank today launched a new measure of financing conditions. In this Update we outline what the new measure is and how useful we expect it to be.